Dubai Real Estate Transactions as Reported on the 28th of January 2025
Dubai’s real estate market continues to demonstrate strong activity, with total transactions on 28 January 2024 amounting to AED 1,345,188,056. This reflects ongoing investor confidence and sustained demand across both the off-plan and ready property segments. Segment Breakdown The market was driven by both off-plan and ready property transactions, with off-plan sales contributing 55.1% (AED 741,342,158) and ready properties accounting for 44.9% (AED 603,845,898) of the total transaction value. This indicates a strong investor appetite for under-construction developments while maintaining steady interest in completed properties. Off-Plan Transactions Total: AED 741,342,158 (55.1% of total transactions) The off-plan market is largely driven by flats, which made up 67.5% of the segment, signaling high investor and end-user interest in new residential units. Villas followed with a 29.9% share, reinforcing the demand for luxury and family-friendly housing. Hotel apartments & rooms, along with commercial properties, had minimal shares, suggesting that investors are currently focused on residential developments. Ready Property Transactions Total: AED 603,845,898 (44.9% of total transactions) The ready property market continues to be dominated by flats, which represented 70.9% of total ready sales. Villas accounted for 17.4%, demonstrating solid demand in this segment. Commercial properties had a significant presence, contributing 8.8% to the total, indicating ongoing interest from businesses and investors in operational assets. Key Insights & Market Trends Conclusion Dubai’s real estate sector remains robust, with a well-balanced distribution between off-plan and ready properties. The preference for flats highlights the city’s appeal to both investors and residents, while villas continue to show resilience in both segments. With continued government support, infrastructure development, and increasing investor confidence, Dubai’s real estate market is well-positioned for sustained growth in the coming months. Dubai Real Estate Market Review 29-Jan-2025 Dubai rent hikes to slow down in 2025. Over 72,000 new units are expected to be delivered in 2025. Ajman’s real estate transactions rose 21% in 2024, reaching AED20.5 billion. Dubai Land Department Recognises Over 120 Leading Entities For Excellence In The Real Estate Sector Dubai Land Department hosted the 2024 Stakeholders Forum, honoring 120+ partners for their role in Dubai’s real estate growth. The event emphasized collaboration, supporting the 2033 strategy, and sustaining Dubai as a top investment hub. Director General Marwan Bin Ghalita highlighted partnerships as key to the sector’s continued success. Dubai residential real estate volume up 47% last year with one zone accounting for over half of transactions Dubai real estate saw massive increase last year on back of a surge in off-plan property sales. Dubai rent hikes to slow down in 2025 as property market set for record supply Dubai’s real estate market is set to stabilize in 2025 as rental price increases slow due to a surge in supply and a smart rental index. Over 72,000 new units are expected, balancing demand. Key areas like JVC and MBR City lead completions, reinforcing Dubai’s status as a global property hub. Dubai real estate market set for major growth as population nears 4m and major investments pave way for positive future Dubai’s population at the end of 2024 reached 3,826,130, reflecting an 8 per cent growth compared to the fourth quarter of 2023. Dubai’s Union Properties gets boost after Dh1b plus in plot sales Union Properties raised over Dh1.3 billion from plot sales since launching its 5-year turnaround strategy in April 2023, strengthening its cash position. CEO Amer Khansaheb highlighted improved financial performance and debt reduction. The company’s Motor City project marks its return to off-plan launches, signaling continued growth and liquidity enhancement. Ajman real estate deals rise 21% to $5.6bn in 2024 Ajman’s real estate transactions rose 21% in 2024, reaching AED20.5 billion ($5.6 billion) across 15,125 deals, driven by increased investment and incentives. The highest sale was AED300 million in Al Jurf 1. Hay Al Helio 2 led in trades. Dubai also saw a 20% surge, hitting AED761 billion ($207 billion). Prestige One Developments To Unveil 11 New Real Estate Projects In 2025 Prestige One Developments plans to double its portfolio in 2025, launching 11 new projects across Dubai and expanding into the GCC and West Africa. It will also complete Vista (Dubai Sports City) and The Residence (JVC). The developer, following a record year in 2024, remains confident in Dubai’s premium property demand. Dubai’s growth continues, but affordability concerns rise Dubai’s rapid growth has led to record real estate transactions and population surges, but it also brings challenges like worsening traffic congestion and rising housing costs. Analysts warn of affordability concerns as the city aims to expand to 5.8 million residents by 2040, driven by its booming economy and real estate sector.